Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity

v3.21.1
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income [Member]
Total
Beginning balance, Shares at May. 31, 2019 359.3        
Beginning balance at May. 31, 2019 $ 3.6 $ 1,206.3 $ 1,409.5 $ 0.1 $ 2,619.5
Net income     877.4   877.4
Unrealized (losses) gains on securities, net of tax (benefit) expense       50.2 50.2
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (1.8) (1.8)
Cash dividends declared     (666.8)   (666.8)
Repurchases of common shares, Shares [2] (2.0)        
Repurchases of common shares [2]   (3.7) (168.2)   (171.9)
Stock-based compensation costs   36.5     36.5
Foreign currency translation adjustment       (3.3) (3.3)
Activity related to equity-based plans, Shares 1.4        
Activity related to equity-based plans   38.6 (18.6)   20.0
Ending balance, Shares at Feb. 29, 2020 358.7        
Ending balance at Feb. 29, 2020 $ 3.6 1,277.7 1,433.3 45.2 2,759.8
Beginning balance, Shares at Nov. 30, 2019 358.4        
Beginning balance at Nov. 30, 2019 $ 3.6 1,252.8 1,301.4 11.6 2,569.4
Net income     354.5   354.5
Unrealized (losses) gains on securities, net of tax (benefit) expense       34.6 34.6
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.5) (0.5)
Cash dividends declared     (222.5)   (222.5)
Stock-based compensation costs   12.7     12.7
Foreign currency translation adjustment       (0.5) (0.5)
Activity related to equity-based plans, Shares 0.3        
Activity related to equity-based plans   12.2 (0.1)   12.1
Ending balance, Shares at Feb. 29, 2020 358.7        
Ending balance at Feb. 29, 2020 $ 3.6 1,277.7 1,433.3 45.2 $ 2,759.8
Beginning balance, Shares at May. 31, 2020 358.8       358.8
Beginning balance at May. 31, 2020 $ 3.6 1,289.9 1,431.4 56.5 $ 2,781.4
Net income     834.5   834.5
Unrealized (losses) gains on securities, net of tax (benefit) expense       (12.7) (12.7)
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.8) (0.8)
Cash dividends declared     (670.5)   (670.5)
Repurchases of common shares, Shares [2] (0.9)        
Repurchases of common shares [2]   (1.7) (74.3)   (76.0)
Stock-based compensation costs   38.1     38.1
Foreign currency translation adjustment       14.2 14.2
Activity related to equity-based plans, Shares 2.4        
Activity related to equity-based plans   90.0 (21.8)   $ 68.2
Ending balance, Shares at Feb. 28, 2021 360.3       360.3
Ending balance at Feb. 28, 2021 $ 3.6 1,416.3 1,499.3 57.2 $ 2,976.4
Beginning balance, Shares at Nov. 30, 2020 360.6        
Beginning balance at Nov. 30, 2020 $ 3.6 1,394.1 1,418.9 73.1 2,889.7
Net income     350.5   350.5
Unrealized (losses) gains on securities, net of tax (benefit) expense       (20.0) (20.0)
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.3) (0.3)
Cash dividends declared     (223.8)   (223.8)
Repurchases of common shares, Shares [2] (0.5)        
Repurchases of common shares [2]   (1.0) (46.2)   (47.2)
Stock-based compensation costs   12.6     12.6
Foreign currency translation adjustment       4.4 4.4
Activity related to equity-based plans, Shares 0.2        
Activity related to equity-based plans   10.6 (0.1)   $ 10.5
Ending balance, Shares at Feb. 28, 2021 360.3       360.3
Ending balance at Feb. 28, 2021 $ 3.6 $ 1,416.3 $ 1,499.3 $ 57.2 $ 2,976.4
[1] Reclassification adjustments out of accumulated other comprehensive income for realized gains, net of tax, on the sale of available-for-sale (“AFS”) securities are reflected in interest on funds held for clients and other expense, net on the Consolidated Statements of Income and Comprehensive Income.
[2] The Company maintains a program to repurchase up to $400.0 million of its common stock, with authorization expiring on May 31, 2022. The purpose of this program is to manage common stock dilution. All shares of common stock repurchased were retired.